I see Widnes's accounts are now available for public inspection for the year ended 30/11/2008. It only costs a quid from Companies House website to see how deep they're in it. I'm skint .... any takers? Ours haven't been filed yet ... have to be filed by 30/9/2009.

always late, its the calderdale way.

We aint late yet, swifty. And how did yer shirt wash in the end, did it come out alright?

We already know the situation. Our board has been fully up front about the situation and is very positive about the situation.

The accounts will show large expenditure on our youth structure, large investment in the infrastrucutre and revenue close to £1 million pounds.

We posted a loss this year close to £900k but it was mostly spent on the above investment. We're in good financial shape have no debt and will hopefully pull in the same revenue but without having to make the major changes necessary this time around.

Once again.. what were your figures like last year? what salary cap are you working to next year? some of you profess to know where you are in terms of salary cap expenditure so share it with us?

got the only fax shirt with silver dots all over it.
bought new one though as the silver bits seem to be unlucky when wore it last night.

here we go again!

- one major point though - investment of any kind does NOT effect profit, only the depreciation does.

What does that mean? - it means that your income LESS period related costs resulted in a large LOSS therefore your PERIOD expenditure (excluding investment) was double turnover..



Any budding accountants around here will surely back me up on this fact.

Technically it won't show as investment though purely expenditure as SOC does not own the Stobart Stadium and so the club will not directly benefit financially from this money spent. Debts paid from the previous board would also be taken into account.

Pay the pound.... analyse the figures.. we have no debt and revenue of close to £1 million. Things are all good round our way!!!

to be honest mate I couldn't give a =blue[imonkeys.

Edited by TS.[/i

Fair enough